NCCI · 1 states

Workers comp rates for code 8401: Iron/Steel Scrap Dealer

NCCI class code 8401 covers Iron/Steel Scrap Dealer in the services industry. The median rate across 1 states is $0.430 per $100 payroll. Rates range from $0.430 in Michigan to $0.430 in Michigan.

Also known as: Scrap Metal Dealer · Metal Recycling

Cheapest 5 states for code 8401

  1. Michigan $0.430

Most expensive 5 states

  1. Michigan $0.430

Code 8401 rates in all 1 states

State Code Rate per $100 vs peers Source
Michigan 8401 $0.430 - view

Bottom quartile (cheap) Mid Top quartile (expensive)

FAQs about NCCI 8401

What occupation is NCCI class code 8401?

Class code 8401 is "Iron/Steel Scrap Dealer" (also known as Scrap Metal Dealer, Metal Recycling), in the services industry. The code is filed in 1 states.

What is the average workers comp rate for code 8401?

The median rate across 1 states is $0.430 per $100 of payroll, ranging from $0.430 (Michigan) to $0.430 (Michigan).

Why does code 8401 cost more in some states than others?

Workers comp rates reflect each state's loss experience for that occupation, the rating bureau's methodology (NCCI vs. independent), schedule rating credits, and the state's medical-cost inflation. Some states are monopolistic (only the state fund writes coverage) while others are open competitive markets.